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Europe’s Fragile Energy Market Braces for Putin’s Next Move

  • Gas halt would trigger rationing, higher inflation, recession
  • Companies treading fine line in payment dispute with Moscow
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WATCH: Could Europe withstand a wholesale ban on Russian oil and gas?Source: Bloomberg

Europe may be hurtling toward a sudden halt of Russian gas, a scenario that would trigger energy rationing, higher inflation and a deep recession. 

A showdown over payment terms has already led Moscow to turn off taps to Poland and Bulgaria. With supply already tight, it won’t take much more to send energy markets into shock.